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March 25, 2017

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Qd=65,000-10,000 (P)
Qs= -35,000 + 15,000 (p)

What is the equilibrium price?

  • adult education - ,

    set Qs equal to Qd

    65000-10000P=-35000+15000P
    25000P=100000

    P=4

  • adult education - ,

    qs-5000-15000-2(7500)+15000p

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